Three quarters of private businesses interviewed by PwC for a recent survey said the UK tax regime was unsupportive of enterprise, the firm announced.
Chris Bates and Judy Harrison review the impact of the decision in Samarkand, in which the First-tier Tribunal decided that a film leasing partnership which entered into a sale and leaseback was not trading. The view of the Tribunal on when expenses are deductible for tax purposes potentially affects all UK corporate taxpayers.
‘A controversial tax deal between Goldman Sachs and HM Revenue & Customs, which saw the investment bank agree a settlement that reportedly saved it millions of pounds in interest, could face a challenge in the High Court.
Smaller companies are to be offered HMRC support and guidance on making claims to tax relief for the costs of research and development, under a new ‘voluntary advance assurance' pilot.
Sarah Norton summarises the changes regarding real-time working of transfer pricing issues and Advanced Pricing Agreements, cost contribution agreements and share options
Steven Bone answers a question on capital allowances on freehold purchases
HMRC’s top tax official has written to MPs setting out the department’s view of the law surrounding the disclosure of taxpayer information to a Parliamentary committee.